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Tuesday, September 27, 2022 5:24:44 AM
I think the markets are finally starting to realize the Fed can neither control how high the dollar goes because they have to keep raising rates to quell the inflation OR that the higher interest rates are going to take the world into a a deep recession/depression scenario.
Powell and the rest of the Talking Heads at the Fed have spoken very hawkish, but the reality is I don't think they can take rates high enough to get the inflation down to the levels they think they can go. If they CRASH the world economies that could do it, but do they want to cure or kill the patient? We'll see I guess.
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